Summary

This report identifies opportunities in luxury tourism among UHNWIs in North America, Europe and Asia-Pacific.

It firstly looks at the needs of UHNWIs in the three regions. The report's main chapter examines opportunities in luxury tourism by highlighting UHNWIs' demographic trends, sports and interests by wealth band and age group.

The report aims to define customers in luxury tourism by segmenting them based on their characteristics, wealth band, interests and sports. In this way, high-end tour operators, luxury hotels and concierge services can plan strategies and customize product and service offerings accordingly.

Key Highlights

The growing female UHNWI population offers significant opportunities in luxury tourism. WealthInsight analysis shows that the female UHNWI population in countries studied grew at a review-period CAGR of 5.3%, as opposed to a CAGR of 4.4% for male UHNWIs.

Married UHNWIs with small and mid-sized families drive demand for family holidays.

UHNWIs aged above 50 offer significant opportunities in luxury tourism. In North America, they accounted for over 64% of UHNWI population in 2015, over 70% in Europe and over 62% in the Asia-Pacific.

Social work a preferred interest of UHNWIs offering significant opportunities for philanthropic holidays.